$MASK /USDT (1H & 1D) Technical Analysis and Best Trading strategy 🤔🔐👇
Current Price: $1.175
1H Chart Insights:📊
MASK faced a CHoCH (Change of Character) and attempted a minor breakout above the $1.17 zone but saw an immediate rejection from the small supply block. The price is holding above the 100 EMA and bouncing after a short correction, hinting at short-term bullish strength. The stochastic RSI is in the overbought zone (96.96 & 92.55), suggesting short-term exhaustion.
Key Zones:🔑
Resistance: $1.20 – $1.30
Support: $1.147 | $1.119
Breakout Level (Trigger): $1.175 confirmed close above 1H supply
1D Chart Structure:📊
On the daily, $MASK is still holding a macro downtrend but showing clear short-term accumulation signs. It printed a solid bullish candle above the 21 EMA (green line), with a breakout attempt in motion. Still, it’s trading below the 50 EMA, which sits near $1.54, acting as a critical level to reclaim for trend reversal confirmation.
Trend Signal:📈
Short-Term: Bullish Bounce
Mid-Term: Still Bearish unless $1.30–$1.54 clears
Momentum: Strong upside push, but RSI indicates possible retracement
Trade Setup Idea:🔥
Long Bias (Buy the Dip):🔥
Entry Zone: $1.145 – $1.12 (upon healthy retest)✅
Targets: $1.20, $1.26, $1.31🎯
SL: $1.09☣️
Trade Duration: ⌛
Intraday to 2 days
Chart Pattern: Retest of previous CHoCH zone with potential bullish engulfing
Pro Tip:🧑🏫
Avoid buying on spikes. Let $MASK cool down to EMA levels before entries. A confirmed close above $1.20 on the 1D chart would trigger a higher-timeframe bullish shift.
👨❤️👨"Patience is a trader's sharpest weapon – entries come to those who wait."
Disclaimer: ⚠️
This is not financial advice. Trade at your own risk.